Northmarq Scores Savannah-Area BTR Refi

Northmarq’s Debt + Equity team of Grant Harris, David Vinson and Faron Thompson secured the $32 million refinancing of Saddlewood at Pepper Hall, a 121-unit build-to-rent (BTR) property. Situated at 201 Saddlehorse Dr. in Okatie, South Carolina, the newly built community offers townhomes and carriage homes in Bluffton’s newest master community, Pepper Hall. The property is located 11 miles west of Hilton Head Island and less than 20 miles northeast of Savannah, Georgia. 

Northmarq arranged financing on behalf of the borrower, RP Communities and Argosy Real Estate Partners, through a correspondent relationship with ACRE based out of Atlanta. The transaction was structured on a 5-year term.

Saddlewood at Pepper Hall features one-, two- and three-bedroom townhomes with open-concept kitchens with granite countertops and sleek appliances, oversized bedrooms, private porches and detached garages. Residents’ amenities include a pool, clubhouse with fitness center, dog park, green space, a planned state waterfront park with trails and a kayak launch, and proximity to shopping, dining and entertainment.